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Personal Loan in Phek
Shriram Personal Loan products provide organised financial solutions to Phek residents. These loan offerings support multiple financial requirements through systematic lending processes. The Shriram Personal Loan offers collateral-free borrowing up to ₹10,00,000/-*
Personal Loan Types in Phek
Shriram Finance offers multiple personal loan options in Phek designed to meet various needs:
Features and Benefits of Personal Loan in Phek
Choosing Shriram Finance for a personal loan in Phek comes with various advantages:
Flexible Repayment Tenures
Collateral-free Loans
Competitive Interest Rates
Pre-approved Loan Options
Digital Application Process
Systematic Payment Notifications
Personal Loan Interest Rates and Charges in Phek
Understanding the expense framework of personal loans in Phek facilitates informed decisions. Shriram Finance structures interest rates starting at 11%* p.a. Rate determination considers factors such as credit reports, income stability, and debt servicing ability.
- Additional costs include processing fees and prepayment conditions. These details are clearly outlined during loan processing.
- This financial transparency helps Phek residents evaluate their borrowing options comprehensively. Shriram Finance maintains clear communication of all applicable charges.
| Type of Fees | Applicable Charges |
|---|---|
| Interest Rate | Customised interest rates starting from 11%* p.a. |
| Processing Fees | Up to 5%* |
| Prepayment Charges | Up to 5%* |
| Late Payment Fees | 36%* p.a. |
These rates are designed to provide affordability while maintaining transparency.
How to Use the Personal Loan EMI Calculator
Planning a personal loan in Phek becomes more precise with Shriram Finance's EMI calculator. This calculation tool provides quick estimations. Enter your required loan amount, applicable interest rate, and selected repayment duration. The calculator then determines your projected monthly installment. This supports informed decision-making about loan arrangements.
STEP 01
Required loan amount
STEP 02
Interest rate
Min 11%
Max 42%
STEP 03
Min 12 months
Max 60 months
Personal Loan Calculator Summary
Loan
Loan Amount
₹ 50,000
Interest Payable
₹ 3,029
Monthly EMI
₹ 4,419
Eligibility and Documentation Criteria for Personal Loan in Phek
To qualify for a personal loan in Phek from Shriram Finance, ensure you meet the following criteria:
Eligibility Criteria:- Nationality: Must be an Indian resident.
- Employment Status: Salaried individuals employed with reputable organisations or self-employed professionals.
- Credit Score: A minimum score of 700 is preferred.
- Age: Applicants should be between 21* to 60* years old (on loan closure).
- Income: Minimum monthly income requirement varies based on the loan amount.
- Required Documents:
- Identity Proof
- Passport
- Driving License
- Voter ID
- PAN Card
- Address Proof
- Passport
- Driving License
- Gas Bill with Gas book
- Other Documents
- Recent passport-size colour photographs
- Income Proof Documents of Last 3 months
- Bank Statement for the last six months
- One cancelled Cheque and ACH form for the Electronic Clearing Mandate (eNACH)
Step-by-Step Application Process for Personal Loan in Phek
Applying for a personal loan in Phek with Shriram Finance is straightforward:
Step 1
Visit the official website or the nearest branch.Step 2
Fill out the online application form with the necessary details.Step 3
Submit the required documents for verification.Step 4
Wait for approval, which typically takes less than 24 houStep 5
Upon approval, funds will be disbursed directly to your bank account.
Our Personal Loan Branches in Phek
Shriram Finance provides personal loan services in Phek through established branches. These locations process applications and manage ongoing accounts for local residents. Branch personnel offer systematic guidance on loan procedures, eligibility criteria, and repayment options. Staff provide comprehensive product information and support. Residents can find nearby branches using the digital locator on Shriram Finance's website. This feature facilitates efficient access to service points.
Locate Us
Personal Loan Customer Care in Phek
For help with personal loans in Phek, Shriram Finance provides reliable customer support. You can access their services by calling their helpline or visiting the nearest branch for face-to-face consultation.
Personal Loan Status in Phek
Shriram Finance maintains convenient ways to check your personal loan application status in Phek. Stay informed through:
- Online System: Access the Shriram Finance website's status checker and use your reference number for quick updates.
- Direct Assistance: Contact the Phek service team for dedicated support. The representatives provide thorough information about your application progress.
Enjoy efficient application tracking with Shriram Finance's accessible monitoring options in Phek.
Personal Loan in Major Cities in India
FAQs
What are the eligibility criteria for a personal loan in Phek?
To be eligible for a personal loan in Phek from Shriram Personal Loans, applicants should be Indian nationals aged between 21* to 60* years at loan completion. Required documents include valid identity proof, address verification, three months' income statements, and six months' bank records.
What is the interest rate on a personal loan in Phek?
Personal loan interest rates from Shriram Personal Loans in Phek start at 11%* p.a. Final rates depend on factors including credit score, income level, and repayment ability.
Are personal loans in Phek unsecure?
Yes, Shriram Personal Loans provides unsecured personal loans in Phek without asking for collateral. However, a healthy credit history remains essential for approval.
Can I prepay or foreclose my personal loan in Phek?
Indeed! Shriram Personal Loans offers prepayment and foreclosure options for loans in Phek, with applicable charges as specified in the loan terms.
Can I apply for a personal loan online in Phek?
Absolutely! Phek residents can utilise Shriram Personal Loans' user-friendly online platform for loan applications.
How can I check the status of my personal loan application in Phek?
View your application progress on Shriram Personal Loans' website using your reference number or reach out to their customer care for status updates.
Disclaimer
The information provided in this guide is for educational purposes only and should not be considered financial advice. Always consult with a financial advisor before making investment decisions related to fixed deposits or any other financial products.